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Brazil's GPA to keep investments steady in 2017, executives say
December 8, 2016 / 7:31 PM / in a year

Brazil's GPA to keep investments steady in 2017, executives say

SAO PAULO, Dec 8 (Reuters) - Brazilian retailer GPA SA , controlled by France’s Casino Guichard Perrachon SA , will hold investments steady even as the country’s retail sector returns to growth by the second half of next year, executives said on Thursday.

GPA will invest 1.6 billion reais ($473.1 million) in 2017, Chief Financial Officer Christophe Hidalgo said in a news conference, the same as 2016. (Reporting by Alberto Alerigi; Writing by Bruno Federowski; Editing by Daniel Flynn)

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